NEW YORK, March 5, 2020 /PRNewswire/ -- AnyClip announced this week that it has received funding from the Google News Initiative's Innovation Challenge to create Luminous Watch, a streaming video page experience for media companies that mimics the functionality and design of today's most popular video-on-demand services while accessing advanced video management tools supported by a patented AI backbone.
Unlike traditional video solutions, which rely on expensive technology stacks and manually-operated content management tools, Luminous Watch disrupts the streaming paradigm with AI-powered tools and services that help digital media companies of any size or type to break into -- and thrive in -- the lucrative streaming video business.
With a pay-as-you-go service model available with no up-front cost, Luminous Watch is easily added to any website or mobile app. Through a back-end platform, Luminous Watch ingests owned and licensed video and accesses AnyClip's patented AI technology to analyze each video's image and audio contents frame-by-frame. In this analysis, detailed keywords, people, brands, phrases images and actions are detected within each moment. This information is tagged to the content in the form of data, which is then used to structure content libraries and power advanced content search features used by editorial teams curating channels or playlists.
On the front-end of the platform, content data is then used to organize videos into a customizable hub of browsable channels and playlists. As viewers engage with this content, the platform automatically understands their interests and uses content data to organize playlists and channels of related videos to watch. All Luminous Watch streaming activity can be fully ad-supported, providing publishers with a valuable and sustainable new revenue opportunity.
AnyClip's Luminous Watch was one of few projects selected out of more than 500 applications to the Google News Initiative (GNI)'s Global Innovation Challenge program. Launched in 2019, Google's Innovation Challenges support the GNI's global effort to work with the news industry to help journalism thrive in the digital age. Across a two-year period, GNI Innovation Challenges will allocate $30 million in funding to kickstart projects like Luminous Watch that support new thinking in online journalism and develop new publishing business models for news organizations.
While the product's audience and business benefits to publishers are substantial, AnyClip sees Luminous Watch's impact as farther-reaching: a means to democratize how people get their news, shifting from push to pull experiences that embrace personalization versus editorialization, facilitated by technology.
"As behemoth conglomerates gain traction with audiences and advertisers alike, it is increasingly difficult for any publisher to thrive in today's media landscape without new business models and new technologies," says Gil Becker, AnyClip's President and CEO. "Luminous Watch was invented with this need in mind: a way to radically change the way content is delivered to users, providing publishers with the same tools and smart engines used by today's most evolved streaming services. We are grateful to Google for their funding of AnyClip's Luminous Watch project and we are honored to support journalism in the digital age through our alignment with the Google News Initiative."
AnyClip expects to release an initial version of Luminous Watch to publishers worldwide later this summer. The product is the fourth AI-powered streaming video solution introduced by AnyClip since 2018; previous Luminous Platform releases include Luminous Studio, an online video platform (OVP) offering flexible tools and services for editorial and operations teams; Luminous X, a fully-automated content recommendation video player; and Luminous N, a native content player that displays a site's most recent articles, or a curated collection of articles, in a social video story format.
For more information about Luminous Watch and to gain early access to the product's beta launch, please contact AnyClip through their website at www.AnyClip.com.
AnyClip is a video data and technology company revolutionizing the digital video industry with tools, insights and services for media companies and advertisers. Using patented AI analysis and deep video content data at its core, AnyClip's Luminous Platform tools and players challenge traditional, manual-data-powered solutions by using automation to support more efficient and effective video strategies. The Platform offers four AI-powered video player products: Luminous Studio, an online video platform (OVP) and editorially-curated player; Luminous X, a fully-automated video recommendation player; Luminous N, a native content recommendation player; and Luminous Watch, a streaming video experience page that mimics the functionality and design of today's most popular video-on-demand services.
In addition to technology products, the Company also offers full monetization and account support services for media companies, as well as data-supported advertising solutions for marketers and brands. AnyClip has growing offices in New York, Tel Aviv, London and Berlin and is backed by Jerusalem Venture Partners (JVP), Roman Abramovich's Ervington Investments, former Sony America President & CEO Michael Schulhof, and Limelight Networks.
About the Google News Initiative
The Google News Initiative is Google's effort to bring together products, partnerships, and programs to help journalism thrive in the digital age. It is focused on three key objectives: elevating quality information, evolving business models to support quality journalism, and empowering news organizations to use new technology to meet their needs.
More information can be found through the following Google resources: